Last Updated: Tuesday, September 1, 2015, 13:56
"Overall, we expect global growth to remain moderate and likely weaker than we anticipated last July," Lagarde said.
Last Updated: Monday, August 31, 2015, 19:34
Reflecting a muted performance, the GDP growth slowed to 7 percent in the April-June quarter, from 7.5 percent in the previous quarter, amid deceleration in farm, services and manufacturing sectors.
Last Updated: Monday, August 31, 2015, 19:31
India`s economic growth slowed to a lower-than-expected 7 percent in the three months through June from 7.5 percent in the previous quarter, government data showed on Monday.
Last Updated: Friday, August 28, 2015, 12:46
Seeing an opportunity in the recent turmoil in China's equity and currency markets, Foreign media is saying India can overtake China as the driver of world economy.
Last Updated: Friday, August 28, 2015, 00:53
US oil prices surged more than 10 percent Thursday, climbing back above $40 a barrel after strong American economic growth data lifted confidence about the world`s biggest economy and petroleum user.
Last Updated: Thursday, August 27, 2015, 18:33
The Reserve Bank on Thursday said uncertainty in the progress and distribution of monsoon, a key factor in performance of the farm sector, continues to be a risk for both growth as well as the inflation outlook.
Last Updated: Thursday, August 27, 2015, 16:44
Seeing an opportunity in the recent turmoil in global equity and currency markets, Finance Minister Arun Jaitley Thursday said India, with 8-9 percent growth rate, can replace China as the driver of world economy.
Last Updated: Wednesday, August 26, 2015, 12:51
RBI Governor Raghuram Rajan has said it will be "a long time" before India can replace China as a growth engine for the global economy, even if it grows at a faster rate.
Last Updated: Wednesday, August 26, 2015, 09:05
Asian stocks flip-flopped on Wednesday after China cut interest rates in a bid to restore confidence in its sagging economy, with trading volatile after days of heavy swings across world equities.
Last Updated: Monday, August 24, 2015, 23:05
The world market turmoil bears ominous similarities to the contagion that laid Asian economies to waste beginning in 1997: pressure on regional currencies, a worsening trade outlook and slowing growth.
Last Updated: Monday, August 24, 2015, 22:29
Reserve Bank Governor Raghuram Rajan Monday cautioned against getting complacent with the strong macro fundamentals of the economy and called for making harder choices in further reforming the structural bottlenecks preventing the economy from achieving its potential growth.
Last Updated: Monday, August 24, 2015, 16:48
Enthused by increase in indirect tax collections, Finance Minster Arun Jaitley Monday said that the economy is in a revival phase and expected that it will clock a growth rate in excess of 8 percent in 2015-16.
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